Introduction
Biodegradable polymers can decompose in soil and water with microorganisms, bacteria and enzymes. The microbes are responsible for the breakdown of biodegradable polymers. These polymers are designed to degrade through biological processes, providing an eco-friendly alternative to traditional polymers. As such, biodegradable polymers are used as alternatives to traditional plastics in the circular economy.
Future Market Trends
According to BCC Research, the global market volumes of biodegradable polymers is projected to increase from 1,286.0 kilotons in 2023 to 4,140.0 kilotons by 2028, at a compound annual growth rate (CAGR) of 26.3% from 2023 to 2028. Growing awareness of plastic waste, the circular economy and environmentally friendly packaging products among consumers plays an important role in the biodegradable polymers market.
Benefits of Biodegradable Polymers
- The global biodegradable polymers market consists of numerous products and the quality of biodegradable polymers produced plays an important role in the market. The growth of sustainable packaging products, biomedical devices and agricultural mulching films further drives the use of biodegradable polymers.
- Moreover, strict rules and regulations for the use of traditional plastic products and the rise in landfill costs for plastic waste underscore the importance of biodegradable polymers in the global market.
- Growing awareness of the harmful effects of plastic waste among end consumers, government initiatives on plastic bans and favorable policies for the circular economy continue to enhance the importance of biodegradable polymers in the global market.